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A dynamic labour matching economy is presented, in which the unemployed are either entitled to unemployment insurance …
Persistent link: https://www.econbiz.de/10005656460
We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if firms and their employees are able to coordinate...
Persistent link: https://www.econbiz.de/10005661864
proposes and solves a matching model of the labour market, where shadow employment emerges in equilibrium as the endogenous …
Persistent link: https://www.econbiz.de/10005662043
This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is … misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only …
Persistent link: https://www.econbiz.de/10005662102
choice of managerial compensation schemes and the manager-firm matching are all endogenous. The model yields predictions on …
Persistent link: https://www.econbiz.de/10005662350
employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …
Persistent link: https://www.econbiz.de/10005666404
decisions of partnered couples. We consider two separate matching paradigms for agents with heterogeneous abilities - one where … generates greater investment efficiency, romantic matching generates greater allocative efficiency, since more high ability … educational investments and labour force participation based on matching regimes. …
Persistent link: https://www.econbiz.de/10005666457
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …
Persistent link: https://www.econbiz.de/10005666594
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
informative data originating from administrative records. Using a matching estimator for multiple programmes, we find positive …
Persistent link: https://www.econbiz.de/10005666683